US$34bn new cash - Global ETF FlowWatch - August 2018 Results

During August worldwide ETFs, driven by the continued expansion of the U.S. stock markets, accumulated US$34 billion in net new cash. Equity ETFs led with US$28 billion in net new cash, followed by bond ETFs garnering US$8 billion for the month. Meanwhile, commodity ETF products suffered net redemptions of almost US$2 billion. ETF assets climbed to US$5.188 trillion globally.

In the U.S., equity ETFs amassed US$20 billion of net flows during August, while bond products gathered US$6 billion in net new money. At the category level, Equity US – Large Cap attracted the most net flows of nearly US$11 billion, followed by Equity US – Mid/Small Cap and Bond USD – Short Term garnering US$4.5 billion and US$4.2 billion, respectively. On the other hand, Commodities – Precious Metals categorically experienced the largest net redemptions of nearly US$1.7 billion.

ETFs in Asia gathered US$4 billion in net flows during August, mainly pushed by Equity Japan and Bond Asia Pacific garnering US$3.6 billion and US$612 million, respectively. In Europe, ETFs added a modest US$2 billion in net new cash, bringing total ETF assets to US$825 billion as of August 2018 in the region.

JPMorgan launched two additional ETFs to their BetaBuilders line up in August. JPMorgan BetaBuilders Canada ETF and JPMorgan BetaBuilders Dvlpd AsiaxJpn ETF were the largest new launch for the month, collecting nearly US$1.5 billion and US$620 million, respectively. Both ETFs are domiciled in Canada, passive, and designed to track a specific index from Morningstar’s line up of indices.